[cliffdweller]

I believe that we are going to see a number of permanent modifications. I think that July 1 was the 3rd Trial Mod payment for a number of folks. If I am correct, that would mean the next 60-90 days will be telling. The biggest question for me is how much credit scores will really figure into the final equation, and what debt/income ratio they will be looking for. The market is going to be flooded with foreclosures soon, driving real estate prices down even further. If I was a bank, I think I would rather negotiate a one-time modification sooner rather than later, but then that's me....